International Report: Indians adjust to new rules
The annual July 2nd spending spree on available international talent is fast approaching, though the rules have changed.
Like with the draft, Major League Baseball implemented significant changes to the way teams conduct business internationally and how they spend their money. Often referred to as the “wild, wild west” by many, baseball is hoping that these new changes help bring some order to some of the insanity that has cropped up over the past few years in the international market.
Every team now has a $2.9 million bonus pool that they can use on international signings between the signing period of July 2nd to June 15th the next year. Here is what happens if a team goes over that amount:
• If a team goes 0-5% over they will pay a 75% tax on the overage. • If a team goes 5-10% percent over they will pay the 75% percent tax on the overage and will be unable to sign any player for a bonus of more than $500,000...
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